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22 Self-Improvement Areas for Leadership Development
An HRPA study from 2016 reports that 63% of millennials complain that employers aren’t fully developing their leadership skills, with 72% of those surveyed last year insisting on feedback, coaching and leadership development to remain in an organization. I have previously covered the 11 key traits that define great managers, compiled after 17 years in…
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Lessons from the Fallen: Case Studies of Businesses That Couldn’t Weather Economic Fluctuations
Economic fluctuations are a natural part of the business cycle, presenting both business challenges and opportunities. While some businesses manage to adapt and thrive, others are less fortunate, succumbing to the pressures of inflation, recession, and changing market dynamics. The 2008 financial crisis was the result of a complex interplay of factors, including an unsustainable…
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7 Reasons Why It is Difficult to Manage New Projects (Or Inherit an Old One)
What makes projects so difficult to manage? As a project manager, you need to assess the culture, your role, your team, how problems escalate, what your responsibilities are and how to tackle edge cases (delays, problematic team members, running out of budget, handling scope creep, disagreeing with a client, etc.) Organizations that use proven project…
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Cost Management: How to Trim the Fat from Your Business Budget
Running a business effectively requires a careful balance between growth and cost management. Effective cost management is a hallmark of successful businesses, allowing them to weather economic storms, seize new opportunities, and reinvest in their future. Companies that prioritize cost management not only enhance profitability but also improve resilience against market fluctuations and other business…
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How to Build Trust and Loyalty as a Leader
Remember the old saying, “People don’t quit jobs, they quit managers.”? It’s similar when the people in charge are at fault. Highly motivated and enthusiastic people, or people who want to make a change, give up because they don’t feel their leadership sees the future in the best possible manner. That leadership does not take…
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32 Techniques for Stress Management
Excessive levels of stress—and the inability to deal with it—have been leading to major personal and professional outbursts, impacting the global economy. Stress.org’s research indicates that 77% of people experience physical signs due to stress.One in three individuals feels they live with intense stress, and 73% believe it impacts their mental health. Forbes Magazine reports…
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8 Crucial Business Skills to Weather the Recession Storm
The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel…
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The 4 P’s of Employee Relations and Conflict Management in the Workplace
Workplace conflict costs $359 billion in paid hours or 385 million working days annually. This is according to the “Workplace Conflict and How Business Can Harness it to Thrive” report. There were news articles about Apple employees having concerns about the ‘rigid’ rules in hybrid working, while Google’s people were frustrated about the ‘two tiers’ remote…